Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — Proactive One2One Investor Forum (July 2022)
22 slides from Europa Oil & Gas (holdings)'s conference presentation, Jul 7, 2022
Slide 1: Europa Oil and Gas Proactive One2One Investor Forum
July 2022 Europa Oil and Gas Proactive One2One Investor Forum at Chesterfield Mayfair Hotel 7th July 2022 WRESSLE Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG
Slide 2: Disclaimer
July 2022 DISCLAIMER The information contained in these slides and this presentation is being supplied to you by Europa Oil & Gas (Holdings) plc (Company No 05217946) on behalf of itself and its subsidiaries (together “the Company”) solely for your information and may not be reproduced or redistribu
Slide 3: Europa Corporate Overview
July 2022 Europa Corporate Overview Europa Oil and Gas (Holdings) plc (AIM: EOG) is an oil and gas company which is building a balanced portfolio of producing, appraisal and exploration assets with minimal emissions whilst also looking to repurpose legacy UK wells for geothermal energy generation Th
Slide 4: Board and Key Management
July 2022 Board and Key Management Non-Execs. Directors Brian O’Cathain Simon Oddie, CEO Will Holland, CFO Non-Exec Chairman Petroleum Eng, Commercial, Commercial, Corporate finance, Petroleum Eng, Commercial, Corporate, Management Corporate governance Corporate governance Management Stephen William
Slide 5: East Midland and Cleveland Upside
July 2022 East Midland and Cleveland Upside o West Firsby WF9 drainhole programme o Broughton Wressle Penistone development o Broughton North prospect Europa Net Annual Average bopd *Source: Penistone ERCE 2016 / WF9 DCA submission 2020 Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG
Slide 6: East Midland and Cleveland Upside
July 2022 East Midland and Cleveland Upside Intra Namurian two way time map. ROC OIL (UK) Ltd. Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG 1. 6
Slide 7: Prospectivity and way forward (Ireland)
IRELAND July 2022 Europa 100% equity Prospectivity and way forward & Operator in 4/19 o One drill-ready, 1.5 tcf prospect (Inishkea), a Corrib play analogue; in a Pipeline pivotal position to add to Ireland’s security of gas supply. o Strategic focus on gas through infrastructure led exploration aro
Slide 8: Prospectivity and way forward (Morocco)
MOROCCO July 2022 Prospectivity and way forward INEZGANE EOG 75% , ONHYM 25% o Inezgane Licence – 11,228 km2 (~ half size of Wales) o Awarded Nov 2019 for 3 years o High impact exploration opportunity offshore Morocco o Initiated farm-out process August 2021 o 30 prospects and leads, with 3D seismic
Slide 9: Serenity Farm-in
July 2022 Serenity Farm-in o Raised £7m in Feb 2022 to fund an appraisal well in the Serenity field, Block 13/23c o Block 13/23c is operated by i3 Energy (75% WI) o EOG will earn 25% WI by funding £6 million of the £13 million appraisal well due to be drilled in Q3 2022 o Serenity provides a transfo
Slide 10: Serenity Field
July 2022 Serenity Field Operator i3 Energy (75% WI) o Oil discovery at well 13/23c-10 announced October 2019 o Drilled down-dip of Tain oil field (32° API oil, flow-tested 6,270 EOG WI 25% (Post farm-in) BOPD & 1.6 MMSCFD) STOIIP 197 mmbbls (P50) o S1 well encountered 31.7o oil (11ft) in Upper Capt
Slide 11: Serenity Field Appraisal Well – 13/23c
July 2022 Serenity Field Appraisal Well – 13/23c o i3 Energy analysis indicates that the field has been filled with light sweet oil sourced from the South Halibut Kitchen o 31.7o API oil was found in the discovery well matching the oil from Tain, Blake and Liberator. o The Serenity sands seal agains
Slide 12: Stena Don Under Contract
July 2022 Stena Don Under Contract RIG TYPE / DESIGN.............. Harsh Environment, Twin Pontoon, 6 columns Semi- Submersible with DP3 dynamic positioning system CONSTRUCTION SHIPYARD... Kvaerner Warnow Werft YEAR ENTERED SERVICE .... 2001 2015 - Mid Life Upgrade 2018- Mooring/Accommodation Forwar
Slide 13: Serenity Appraisal (SA-02) well details
July 2022 Serenity Appraisal (SA-02) well details Well Plan 26” section will be drilled to 716ft TVDSS. 20” conductor set at 710ft and cemented back to seabed 17-½” section drilled riser-less (with seawater/sweeps) to 2867ft TVDSS (Tor Fm.) 13-3/8” casing run to 2852ft TVDSSS (13-3/8” casing
Slide 14: Serenity Field Development
July 2022 Serenity Field Development o The appraisal well will be drilled to the west of the discovery well o The volumes of the discovery and appraisal well alone could be commercially viable Appraisal Well o Depending on the extent of the field two Further development Wells Discovery Well wells to
Slide 15: EOG share price and market capitalisation
July 2022 EOG Share Price1 (GB£) 2.35p 1 – as of 5th July ‘22 Market Capitalisation £22.5M Shares issued 956.47 M Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG 1. 15
Slide 16: Value Proposition and News flow
July 2022 Value Proposition and News flow Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG 1. 16
Slide 17: EOG Value Potential
July 2022 EOG Value Potential Source - Tennyson Securities Equity Research Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG 1. 17
Slide 18: Oil Price Sensitivity – Brent Prices from 2025
July 2022 Oil Price Sensitivity – Brent Prices from 2025 Source - Tennyson Securities Equity Research Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG 1. 18
Slide 19: ESG Credentials
July 2022 ESG Credentials o ENVIRONMENT o Committed to working towards the UK’s target of Net Zero by 2050. This drives our strategic thinking and operating philosophy o Annual Sustainability Report that details Scope 1, 2 and 3 emissions including internal targets to reduce these emissions will be
Slide 20: Europa's contribution to Net Zero
July 2022 Europa’s contribution to Net Zero o Causeway GT MOU signed in June 2021. The collaboration will explore: o Utilising existing infrastructure and wells for geothermal applications at West Firsby to deliver clean, reliable, and cheap sources of heat o Studies will determine if commercial dep
Slide 21: The Path to Net Zero 2050
July 2022 The Path to Net Zero 2050 o In 2019 the UK net import figure was 500 million boe o The Committee on Climate Change forecast that UK oil and gas demand in 2050 will be 400 million boe o Delivering a low-carbon future will be achieved by protecting infrastructure already present in the UK UK
Slide 22: Glossary
July 2022 Glossary 2D / 3D Seismic Two-Dimensional / Three-Dimensional Seismic AFE Authorisation For Expenditure AIM Alternative Investment Market of the London Stock Exchange API American Petroleum Institute BBL Barrel BOE Barrels of Oil Equivalent BOPD Barrels of Oil Per Day CNS Central North Sea
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